Which type of credit is usually used for cars, mortgages, and student loans? ...

a. consumption credit.

b. installment plan.

c. secured credit card.

d. service credit

Installment plan: Most of us can not pay for car loans, or any of the above mentioned loans, we have so many other bills to pay, and trying to pay cash, just does not work for most of us. You may have a parent or grand parent that have that kind of money, but not usually.